This book, first published in 1974, provides a comprehensive review of the application of economic concepts to the appraisal of transport systems. It presents the basic economic ideas underlying their application to transport appraisal. The exposition of these concepts links recent advances in economic theory to practical evaluation procedures. The bulk of the book is concerned with how the basic concepts may be put to use.
1. Introduction 2. Benefits to Transport Users 3. Extensions of the User Benefit Measure 4. Further Explorations of User Benefits 5. Valuing Costs and Benefits: Method 6. User Benefits: Empirical Aspects 7. Non-User Costs and Benefits 8. The Adjustment to Resource Costs 9. The Use of Approximate Measures 10. The Presentation of Costs and Benefits 11. Cost-Benefit and Financial Measures 12. The Context for Economic Appraisal 13. Cost Benefit Analysis in Relation to Some Other Common Measures